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TotalEnergiesCelebratedforVenusDiscovery offNamibia,Wins"DiscoveryoftheYear"

Eileen van der Schyff

In a remarkable achievement for the energy industry, TotalEnergies has been honoured with the prestigious "Discovery of theYear" award byWood Mackenzie forits remarkableVenus find offshore Namibia. The recognition highlights TotalEnergies' outstandingexplorationeffortsanditsabilitytouncoversignificant volumesofadvantageousresources.

Wood Mackenzie's senior vice president, Dr Andrew Latham, commended TotalEnergies and its head of exploration, Kevin McLachlan, along with the entire team for their well-deserved win. This marks the third time TotalEnergies has been named the most-admired explorer in the industry, further solidifying its reputationforexcellence.

The Venus discovery, situated in waterswithadepthof3000meters, hasgarneredsignificantattentionas a game-changer for the industry Latham described it as a "play opener" that has generated tremendous excitement throughout the sector He also emphasised the potential impact of the project on Namibia, stating that if it moves forward,itcouldestablishacrucial newindustryforthecountry

TotalEnergies is working on the Namibian license in collaboration withQatarEnergy(QE),ImpactOil &Gas,andNamcor Thecompany's commitmenttopushingboundaries and uncovering substantial resourceshaspositioneditasarole modelwithintheindustry

TheVenusdiscoverywasdrilledby

TotalEnergies in early 2022, and subsequent exploration and appraisal activities have been ongoing this year, approachingaflowtest.Wood Mackenzie estimates that Venus could hold an impressive3billionbarrelsof oil equivalent recoverable, potentially leading to a development with a capacity of 250 000 barrels per day This find has positioned TotalEnergies' Namibian license as a potential "golden block," drawing comparisons tothehighlyproductiveBlock 17inAngola.

TotalEnergies' remarkable achievement in the Venus discovery showcases the company's commitment to pushing boundaries, opening new frontiers, and uncovering substantial energy resources. This recognition not only highlights their expertise and dedication but also underscores Namibia's potential as an important player in the globalenergylandscape.

Source:EnergyVoice HONEYGUIDE

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Thefollowingletterservestoinformthecompetentauthorityof ourresolutionandintenttochangethenameofourvesselfrom MFV“Matilda”toMFV“HelenaNdume”.

It is a privilege for us to name the vessel after the miracle Dr Helena Nedume in celebration of his humanitarian work and contributiontohelpNamibiamostneeded.wearehonourthat Dr Nedumehasacceptedourrequest.